So retirees need to buy gold and silver. If they want more current income, they need to look toward foreign sources. I particularly like high-dividend paying foreign stocks.
But if you can’t take that risk, you can still buy bonds denominated in foreign currencies. But what you don’t want to do is make the mistake of buying long-term U.S. dollar denominated bonds, because I think the biggest losses in this financial collapse are going to be absorbed by ,felt by, the bondholders. Even those who own U.S. government bonds or municipal bonds, bonds that are thought to be low risk are still going to be wiped out as the dollar collapses.
Related, IShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), iShares Barclays 20+ Yr Treasury Bond ETF (TLT)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.